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Sec. 1. Except as authorized under section 2 of this chapter, a corporation may not make distributions. As added by P.L.179-1991, SEC.1.
Structure Indiana Code
Indiana Code
Title 23. Business and Other Associations
Article 17. Nonprofit Corporations
Chapter 21. Distributions
23-17-21-1. Prohibited Distributions
23-17-21-2. Exceptions to Prohibition